SEC Proposes Rule to Prohibit Conflicts of Interest in Certain Asset-Backed Securities Transactions
As required by Section 621 of the Dodd-Frank Wall Street Reform and Consumer Protection Act 2010, the SEC has voted to propose a rule intended to prohibit certain material conflicts of interest between those who package and sell asset-backed securities (“ABS”) and those who invest in them.
Originally Published:
Monday, September 19, 2011